Hi Eric and thanks for all the calculations.
Just wondering if you could confirm:
CLQ has 109MT @ .1% CO = 114KT
ARL high grade cobalt zone has 50MT @ .12% CO = 59.6KT
Kalpini has 75MT (currently @ .044 CO) with drilling expecting to raise this grade up to .1% = 75KT
Black Range has 20.1MT (currently @ .1) with drilling expected to raise grade to .12% = 24KT
Assuming that the high CO grades are achieved at Kalpini and Black Range, Ardea will have a high grade cobalt of 204MT @ < .1% = 158KT
Therefore, Ardea should have 40% more high grade cobalt reserve than CLQ.
Is this correct, or am I missing something?
BE
Largest cobalt resource with lowest valuation, page-856
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